The gypsum board market in the UK is expected to reach a projected revenue of US$ 1,436.9 million by 2030. A compound annual growth rate of 10.1% is expected of the UK gypsum board market from 2024 to 2030.
The UK gypsum board market generated a revenue of USD 733.1 million in 2023 and is expected to reach USD 1,436.9 million by 2030.
The UK market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
In terms of segment, wallboard was the largest revenue generating product in 2023.
Pre-decorated Board is the most lucrative product segment registering the fastest growth during the forecast period.
Gypsum board market data book summary
Market revenue in 2023
USD 733.1 million
Market revenue in 2030
USD 1,436.9 million
Growth rate
10.1% (CAGR from 2023 to 2030)
Largest segment
Wallboard
Fastest growing segment
Pre-decorated Board
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Wallboard, Ceiling Board, Pre-decorated Board, Other Products
Key market players worldwide
Knauf, Gypsemna, Global Mining Company, National Gypsum Company, Compagnie de Saint-Gobain SA, Holcim Ltd, Zawawi Group, BNBM, Eternit, United Mining Industries, Yoshino Gypsum
Other key industry trends
In terms of revenue, UK accounted for 1.3% of the global gypsum board market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, Russia gypsum board market is projected to lead the regional market in terms of revenue in 2030.
Russia is the fastest growing regional market in Europe and is projected to reach USD 2,424.7 million by 2030.
The Gypsum board market in the UK is expected to be driven by strong growth in construction and refurbishment activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing.
However, weakened commercial and industrial activities in the country coupled with uncertainty in the industrial sector due to Brexit may lead to a moderate product demand over the forecast period. UK’s industrial sector bounced back to growth in the last three years, helped by a resurgence in oil and gas production and steadily improving factory output.
The likelihood of higher rates will persuade some investors to move away from equity markets in favor of bond markets, which are considered safer, but have offered poor returns in recent years while interest rates have remained low. Recovery of the overall economy is further expected to drive Gypsum board market growth over the next seven years.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Gypsum Board Market Outlook will help companies and investors design strategic landscapes.
Wallboard was the largest segment with a revenue share of 51.98% in 2023.
Horizon Databook has segmented the U.K. gypsum board market based on wallboard, ceiling board, pre-decorated board, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The Gypsum board market in the UK is expected to be driven by strong growth in construction and refurbishment activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing.
However, weakened commercial and industrial activities in the country coupled with uncertainty in the industrial sector due to Brexit may lead to a moderate product demand over the forecast period. UK’s industrial sector bounced back to growth in the last three years, helped by a resurgence in oil and gas production and steadily improving factory output.
The likelihood of higher rates will persuade some investors to move away from equity markets in favor of bond markets, which are considered safer, but have offered poor returns in recent years while interest rates have remained low. Recovery of the overall economy is further expected to drive Gypsum board market growth over the next seven years.
U.K. Gypsum Board Market Product Outlook (Revenue, USD Million , 2018-2030)
Wallboard
Ceiling Board
Pre-decorated Board
Other Products
U.K. Gypsum Board Market Application Outlook (Revenue, USD Million , 2018-2030)
Pre-engineered Buildings
Residential
Industrial
Commercial
Institutional
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. Gypsum Board Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Gypsum Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.